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20130113
20130113
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KNTV (NBC) 2
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NBC
Jan 13, 2013 10:00am PST
proposal is a political statement but there's no way that become a legislative reality. chris: debt ceiling coming up very fast next couple of weeks. how bad is it going to get? >> i think it can be very bad. both sides have positions that are -- genuinely playing chicken and both are prepared to crash the car. i think if anything this is more stark than the crisis that we had. chris: who gets blamed? by the american people when we see the government stop and our credit rating get bounced down again? >> republicans would and they know that. chris: they win. >> they're afraid of a debt ceiling confrontation or actually defaulting on the debt. they don't want to be blamed for that. >> the tea party people are not here to legislate. they're here to de'mon strailt. -- to demonstrate. they didn't get to do it on the fiscal cliff in the end. they want to do it to something and go over the edge. and this will take them over the edge and they will lose politically and the president is going to have to scramble to shut things down. and credit ratings will be affected. chris: when is the public going
NBC
Jan 13, 2013 10:30am PST
carrier. the less expensive version would have a plastic body. >>> the debt ceiling, new treasury secretary, will washington be an on stockles to the market and the economy or will washington be a help? joining me now is geg i and author of "the economist" and jerry webman, chief economist at oppenheimer funds. thanks for joining us. >> hi. >> greg, let me kick this up with you. president obama's pick for treasury secretary, chief of staff, jack lew, will take over for timothy geithner. is this a missed opportunity to be friendly to business, the business community, or is this a new call since it appears that nobody on earth knows this better than mr. lew. >> well, i think jamie dimon would build business between the community which feels a little bit alienated by the administration's first-term policies and mr. obama. but what they got is a guy -- not one of them, but does know the budget really well and the clearly the main challenge on the economic front for the first year is going to be on the fiscal front. insofar as jack lew has the trust of the president is in power to make
Search Results 0 to 1 of about 2